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Pet Food Packaging Market Set to Surge to US$ 16.8 Billion by 2032 at a 4.4% CAGR | IMARC Group

02-19-2024 11:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Pet Food Packaging Market Set to Surge to US$ 16.8 Billion by 2032

IMARC Group's report titled "Pet Food Packaging Market Report by Material (Paper and Paperboard, Plastic, Metal), Food Type (Dry Food, Wet Food, and Others), Animal Type (Dog Food, Cat Food, and Others), Packaging Form (Pouches, Metal Cans, Folding Cartons, Bags, and Others), and Region 2024-2032". The global pet food packaging market size reached US$ 11.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.

Grab a sample PDF of this report: https://www.imarcgroup.com/pet-food-packaging-market/requestsample

Factors Affecting the Growth of the Pet Food Packaging Industry:

● Increasing Pet Ownership:

The rising number of pets, including dogs, cats, birds, and small mammals, is catalyzing the demand for pet food and packaging. As more households are adopting pets for companionship, the need for pet food packaging solutions is increasing around the world. Pets have diverse dietary needs based on factors, such as age, breed, size, and health conditions. This diversity in pet nutrition is driving the demand for a wide range of pet food products, each requiring specific packaging formats to preserve freshness, flavor, and nutritional value.

● Health and Wellness Trends:

With a growing focus on pet health and well-being, there is a rising demand for pet food products made with premium, high-quality ingredients. Pet parents are seeking packaging that communicates the nutritional benefits of these ingredients, such as organic, natural, and grain-free options, effectively conveying the health-conscious aspects of the product. As pet parents are becoming more aware about dietary sensitivities and health conditions in their pets, there is an increasing demand for specialized and functional pet food diets. Packaging plays a crucial role in differentiating these products, with labels and packaging designs highlighting specific health benefits and targeted nutritional solutions.

● E-commerce Expansion:

With the rise of online retail channels, including e-commerce platforms and pet food subscription services, there is a growing need for packaging solutions that ensure product integrity during shipping and handling. Secure packaging designs, such as sturdy containers and protective seals, minimize the risk of damage or contamination during transit, maintaining product quality and safety. E-commerce fulfillment requires packaging solutions that are optimized for efficient shipping and storage. Lightweight materials, compact designs, and stackable packaging formats help minimize shipping costs and maximize storage space, improving logistics efficiency for both retailers and consumers.

Leading Companies Operating in the Global Pet Food Packaging Industry:

● Amcor plc
● American Packaging Corporation
● Berry Global Inc.
● Blue Buffalo Co. Ltd. (General Mills Inc.)
● Coveris
● Huhtamäki Oyj
● Mondi plc
● ProAmpac
● Silgan Holdings Inc.
● Smurfit Kappa Group plc
● Sonoco Products Company
● Transcontinental Inc.
● Winpak Ltd

Explore full report with table of contents: https://www.imarcgroup.com/pet-food-packaging-market

Pet Food Packaging Market Report Segmentation:

By Material:

● Paper and Paperboard
● Plastic
● Metal

Plastic represents the largest segment due to its versatility, durability, and cost-effectiveness, making it the preferred choice for pet food packaging solutions.

By Food Type:

● Dry Food
● Wet Food
● Others

Dry food accounts for the majority of the market share owing to its longer shelf life, convenience, and suitability for bulk packaging, which aligns with consumer preferences for cost-effective and storage-friendly pet food options.

By Animal Type:

● Dog Food
● Cat Food
● Others

Dog food exhibits a clear dominance in the market as dogs are the most populous and widely kept pet, driving higher demand for dog food products and corresponding packaging solutions.

By Packaging Form:

● Pouches
● Metal Cans
● Folding Cartons
● Bags
● Others

Bags hold the biggest market share driven by their convenience, portability, and suitability for a wide range of pet food products.

Regional Insights:

● North America (United States, Canada)
● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East and Africa

North America enjoys the leading position in the pet food packaging market on account of high pet ownership rates, strong consumer demand for premium and specialized pet food products, and a well-established pet food industry with a focus on innovation and quality assurance.

Global Pet Food Packaging Market Trends:

There is a growing emphasis on sustainability, driving the adoption of eco-friendly packaging materials, such as biodegradable plastics, recyclable packaging, and compostable materials, to reduce environmental impact and meet consumer demand for more sustainable packaging options.

With increasing pet humanization, pet parents are seeking premium and customized pet food products. This trend is catalyzing the demand for high-quality packaging with premium finishes, personalized designs, and innovative features to enhance product appeal and differentiation in the market.

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Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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